- Pakistan’s Government Partners with Chinese Company for EV Charging Stations.
- The aim is to accelerate the transition to electric transportation and reduce fuel imports.
- Strategically located stations will be along the motorway from Peshawar to Karachi.
The government of Pakistan has partnered with a prominent Chinese company to invest $350 million in establishing up to 3,000 Electric Vehicle (EV) charging stations across the country. The agreement aims to accelerate the transition to electric transportation and reduce Pakistan’s dependence on fuel imports.
Malik Khuda Bakhsh, Convenor of the Energy Standing Committee at the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), made the announcement, stating that the EV stations will be strategically located along the motorway from Peshawar to Karachi.
At a ceremony held at FPCCI’s headquarters in Karachi, Bakhsh highlighted the advancements in Pakistan’s electric transportation sector and the establishment of FV Flash Charging Station.
He shared that an initial $90 million investment will be made to set up the charging stations, with $250 million further allocated for manufacturing by February 2025, marking a crucial step towards self-reliance in EV infrastructure.
These stations are expected to reduce the nation’s reliance on imported fuel, thereby safeguarding foreign exchange reserves and contributing to lowering environmental pollution.
Bakhsh also mentioned the growing interest of Chinese investors in Pakistan’s energy sector, noting that a Chinese investor delegation is expected to visit Pakistan soon.
These investors are exploring opportunities in various sectors such as Thar Coalfield and alternative energy, aiming to foster technology transfer and mutually beneficial investments. The government of Sindh has promised full support to the investors, offering help with documentation and facilitating business operations.
[embedpost slug=”/car-sales-see-49-66-growth-during-jul-nov-fy-2024-25/”]
